What to watch today: Dow cut losses after best quarter in over three decades
reported fiscal fourth-quarter profit of 11 cents per share, missing the 15 cents a share consensus estimate. Revenue at the company formerly known as Michael Kors beat forecasts. Capri expects fiscal 2021 to be impacted by the Covid-19 pandemic, including a "significant" current-quarter loss, but CEO John Idol said he is encouraged by current trends as stores reopen. reported quarterly profit of $2.30 per share, beating the consensus estimate of $2.01 a share.
earned $1.10 per share for its fiscal fourth quarter, 4 cents a share above estimates. Revenue also beat Wall Street forecasts, helped in general by pandemic-related food stockpiling, and from strong demand for its cereals and snack foods.about key changes it made in the 737 Max flight control system prior to its original approval, according to an inspector general report seen by Reuters and AP. Boeing began test flights this week to recertify the aircraft for a return to service.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What to watch today: Dow set for lower open after 580-point surgeDow futures point to a decline at Tuesday's open after starting the week with a 580 point gain.
Read more »
Dow futures bounce around as investors await Powell, Mnuchin testimony on the coronavirus responseU.S. stock-index futures see muted trading early Tuesday as investors awaited a congressional hearing featuring Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin that could provide more investor guidance about the government’s economic response to rising coronavirus cases.
Read more »
Dow soars 580 points as optimistic home-sales data overshadows virus spread - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
S&P 500 poised for best quarter since 1998; Boeing weighs on DowThe S&P 500 on Tuesday was poised to close out its best quarter in more than two decades as improving economic data bolstered investor beliefs that a stimulus-backed rebound for the U.S. economy was on the horizon.
Read more »
Dow can hit 30,000 on Republican-held Senate, Jeremy Siegel says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »